NOT LISTED FOR SALE

3219 Elyria Ave Lorain, OH 44055

4 Beds
4 Baths
2,300 Sq Ft
5,663 Sq Ft Lot

Last Sold January 24, 2024

Last sale price $150,000 $65 Per Sq Ft

24 Days on Market

Highlights

  • Forced Air Heating System
  • Baseboard Heating
  • Wood Siding

About This Home

As of January 2024

Welcome to this rare opportunity for a fully cash-flowing 4-plex! This large multi-family home is a solid investment opportunity and current rents are believed to be under current market value. Low operating expenses - with tenants paying their own heat/electric utilities. The property has four fully occupied units. Each unit consists of 1 bedroom and 1 full bath. Rents for the units currently are: unit 1, $300.00/month, month-to-month lease, unit 2, $375.00/month, month-to-month lease; unit 3, $400.00/month, month-to-month lease; unit 4, $400.00/month,;month-to-month lease. Units 1 and 2 are on the main level, units 3 & 4 are on the second level. Units 3 & 4 have been recently updated within the past few years with newer flooring and carpet. Unit 1 updates within the past few years include fresh paint, newer carpets, and newer light fixtures. Unit 2 has a newer high energy efficient furnace (2013). Both unit 1 and unit 2 have their own separate basement. Some other updates throughout the entire property include newer roof (2015), newer copper drains and water lines throughout the building, and four updated breaker panels (2013). The seller prefers to sell this property (Parcel ID #0300098124002) (MLS #4503847) AND his DUPLEX (Parcel ID #0300098124026)(MLS #4503849) next to it as a PACKAGE deal. Seller willing to give a 10% discount for the total package deal bought together which would bring the purchase price to $220,410. Call now to learn more!

Last Agent to Sell the Property

Anthony Rego

Keller Williams Elevate Brokerage Email: anthonyrego@kw.com (440) 897-1364 License #2020004825 Listed on: 11/19/2023

Keller Williams Elevate

Co-Listed By

Mara Kaulins

Keller Williams Elevate Brokerage Email: anthonyrego@kw.com (440) 897-1364 License #2013003199

Last Buyer's Agent

Jason Parsons

Howard Hanna License #2018003612

Howard Hanna

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,354

Year Built

  • Built in 1900

Lot Details

  • 5,663 Sq Ft Lot

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2,300 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • No Garage
  • Unpaved Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Baseboard Heating

Community Details

  • 4 Units
  • No Laundry Facilities

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, heat
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 03-00-098-124-002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,354

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Quadruplex
  • Year Built: 1900
  • Attribution Contact: anthonyrego@kw.com (440) 897-1364
  • Co List Office Phone: 440-572-1200
  • Above Grade Finished Sq Ft: 2300.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Property Sub Type Additional: Quadruplex
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes
  • Appliances: Range
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.13
  • Home Warranty: No
  • Construction Type: Wood Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage, Unpaved

Utilities

  • LaundryFeatures: None
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Lorain CSD - 4709

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 03-00-098-124-002
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Cable TV, Electricity, Gas, Heat

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 1354.0

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/24/2024 01/24/24 Sold $150,000 -9.1% $65 / Sq Ft
12/14/2023 12/14/23 For Sale $165,000 0.0% $72 / Sq Ft
12/13/2023 12/13/23 Pending -- -- --
12/05/2023 12/05/23 For Sale $165,000 0.0% $72 / Sq Ft
11/24/2023 11/24/23 Pending -- -- --
11/19/2023 11/19/23 For Sale $165,000 -- $72 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Anthony Rego

    Seller's Agent in 2024

    Anthony Rego

    Keller Williams Elevate

    (440) 897-1364

    14 in this area

    30 Total Sales

    Anthony Rego
    Section Image
  • Mara Kaulins

    Seller Co-Listing Agent in 2024

    Mara Kaulins

    Keller Williams Elevate

    (440) 590-5656

    7 in this area

    192 Total Sales

    Mara Kaulins
    Section Image
  • Jason Parsons

    Buyer's Agent in 2024

    Jason Parsons

    Howard Hanna

    (330) 242-5313

    3 in this area

    260 Total Sales

    Jason Parsons
    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 4503847

MLS Now
Ohio Lorain County Lorain 44055

3219 Elyria Ave, Lorain, OH

Not Listed for Sale

MultiFamily

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